Claymore Equal Weight Banc & Lifeco ETF (CEW)
$6.84
Last Market Price: 2/3/12 12:49PM ET
$0.07 | 1.03 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

Claymore Equal Weight Banc & Lifeco ETF (the "Fund") (TSX:CEW), has been created to provide investors with a diversified equal weighted investment in a portfolio of Canadian banks and life insurance companies. CEW invests, on an equally weighted basis, in common shares of the largest Canadian banks and Canadian life insurance companies. Inclusion in the CEW Portfolio is based on the following criteria:

  • the minimum market capitalization to be included in the CEW Portfolio is $5 billion for banks and $1.5 billion for life insurance companies; and
  • the companies must be Canadian banking or Canadian life insurance companies.

 

The Portfolio will be rebalanced (i) semi-annually, to adjust for changes in the market value of investments; and (ii) to reflect the impact of a merger, acquisition or other significant corporate action or event of or affecting one or more of the Canadian banks or life insurance companies in the CEW Portfolio.

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FEATURED RESOURCES
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FUND STATISTICS
as of 2/3/12
Price History
  MARKET PRICE NAV
Close $6.84 $6.83
Change $0.07 $0.07
52-Week High $8.26 $8.26
52-Week Low $6.07 $6.09
Bid/Ask Midpoint $6.82
Bid/Ask Premium (Discount) (0.15 %)
Volume 3,916
Shares Outstanding 4,186,000
Total Managed Assets $28,569,576
Total Managed Assets (Common and Advisor) $92,127,465
As of September 15, 2011 volume is the daily volume summation of Toronto Stock Exchange and Alpha Trading Systems. Prior to September 15, 2011 volume displayed was that of the Toronto Stock Exchange only.  Figures are based on market close.
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TOP FUND HOLDINGS
as of 2/3/12
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ROYAL BANK OF CANADA . 11.15 %
NATIONAL BANK OF CANADA . 10.93 %
TORONTO-DOMINION BANK NEW 10.71 %
CANADIAN IMPERIAL BK OF COMM . 10.46 %
GREAT WEST LIFECO INC . 10.29 %
BANK OF MONTREAL . 10.18 %
BANK OF NOVA SCOTIA . 10.08 %
MANULIFE FINANCIAL CORP . 9.49 %
SUN LIFE FINANCIAL INC . 8.66 %
INDUSTRIAL ALLIANCE INS & FINL . 8.05 %
This data is subject to change on a daily basis.
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TOP SECTORS
as of 2/3/12
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PROFILE
Ticker Symbol (Click for Intraday Price) CEW
Exchange TSX
CUSIP 18384F203
Inception Date 2/6/08
Rebalance Date 4/30/09
Income Distribution Primarily Canadian Dividend Income
Distribution Schedule (if any) Monthly
Management Fees 0.55 %
Management Expense Ratio (as of 6/30/11) 0.61 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name
Index Provider
RRSP, RRIF, RESP, DPSP, TFSA 100% Eligible
DRIP Offered Yes
PACC Offered Yes
SWP Offered Yes

Management Expense Ratio is the total percentage of fund assets used for administrative, management, marketing, and all other expenses.

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INDEX CHARACTERISTICS
as of 12/31/11
Number of Securities 10
Average Market Capitalization $34.65 Bil
Average Price/Earnings 15.81 x
Average Price/Book 1.54 x
Current Dividend Yield 4.74 %

P/E Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its after-tax earnings over the most recent 12-month period.

P/B Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its book value.

Alpha is a statistical measurement that depicts the performance difference between a fund's return and an underlying performance benchmark, given a fund’s level of volatility, measured by beta. The benchmark will always reflect an alpha of 0.00%. A positive alpha indicates a fund has performed better than its beta would predict in the stated period. Data displayed is for the previous 3 year period.

Beta is the measure of a fund's sensitivity to the Index. By definition, the beta of the Index is 1.00. Any fund with a higher beta is more volatile than the Index. Likewise, any portfolio with a lower beta will be less volatile than the index in the stated period. Data displayed is for the previous 3 year period.

Standard deviation is a statistical measurement that depicts how widely returns vary over a given period of time. The measurement is generally used to understand the range of returns that are most likely for a given portfolio. Generally, a higher standard deviation indicates a more risky portfolio. This is computed by using the trailing monthly total returns for the appropriate time period. Monthly standard deviations are then annualized. Data displayed is for the previous 3 year time period.

Average Market Capitalization is the geometric mean of the market capitalizations for all the securities in a fund’s portfolio.

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DISTRIBUTION INFORMATION
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Last Distribution per Share $0.022000
Indicated Distribution Yield* 3.865 %
DRIP/PACC Price -
Date Paid 2/6/12
Next Targeted Distribution
Ex-Date 2/24/12
Record Date 2/28/12
Payable Date 3/6/12

(*) Approximate annualized distribution yield based on last distribution and most recent NAV. Information may change without notice. Actual results may vary. Distribution per unit is subject to change on the ex-distribution date.

Commissions, trailing commissions, management fees and expenses all may be associated with fund investments. Please read the prospectus before investing. The indicated rate of return is the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Funds are not guaranteed, their values change frequently and past performance may not be repeated.